Rich Dad Poor Dad Author Robert Kiyosaki doubled his longtime warning for a global economic slowdown on Wednesday, declaring: “Is the world in a recession? I say “yes”. He wrote.
He contrasted “Fomo” – the fear of missing – with “FOMM”, or the fear of making mistakes, which, according to him, is a fear instilled by schools. He encouraged people to take advantage of platforms like YouTube inquiring, while warning the dangers of misleading financial influencers. “The best and the worst education is free,” he said.
“The facts are that the world is in recession. The facts are that inflation increases, as is unemployment,” said Kiyosaki, urging readers to think: “Will this recession make you richer or poorer? Choice is yours and your choice of education can be free.”
“Be careful and make this recession the best thing that has ever happened to you. You alone have this power,” he added.
Kiyosaki’s remarks are involved in an increase in world concerns concerning the recession. JP Morgan’s world economist Bruce Kasman increased the probability of an American recession at 40%, compared to 30% at the start of the year. He warned that “disruptive and little friendly policies” could further increase the risk.
Kasman has also reported long-term potential damage to the call for investments in the United States if Governance Trust continues to erode. Goldman Sachs and Morgan Stanley have both downgraded their growth forecasts for GDP 2025, projecting figures between 1.5% and 1.7%.
